Morning Call: Gold & Oil Hammered After Iran Nuclear Deal, Longer-Term Impact Uncertain Say Analysts
Gold and oil are sliding notably following what is being characterized as a ‘historic’ deal between Iran and world powers to reign in its nuclear program.
In exchange for curtailing its program, Iran will receive limited sanctions relief worth $6 to $7 billion. However, the bulk of sanctions will remain in place, including those related to oil.
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